Dec 2, 2012 8:00am PST
captioning services, inc >> eric: start with a fox news alert. new push for the deal for fiscal cliff, not apparent for progress of this moment. the clock is ticking down. end the year for mandatory tax hikes set to kick in. welcome to new hour of "america's news headquarters." i'm eric shawn. >> i'm jamie colby. more talk of the miscall cliff is coming. house speaker john boehner in an exclusive interview with "fox news sunday" saying, "we're nowhere" in fiscal cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had sti
Dec 2, 2012 4:00am EST
gerri: look, i am no expert on media bias, but the media solving the fiscal cliff. the huffington post reporting that the offer to avert disaster sparks gop outrage. "the new york times", the front page story today that the tax code is less progressive than in 1980. back when ronald reagan was president. let's take a look at federal income tax in this country. these numbers according to the tax foundation. the top 1% pay 37.4%. the top 1% of earners. they pay almost 40%. taking a look at this, the top 5% pay nearly 60%. it doesn't seem quite right. the top 10% -- they pay 71%. federal income taxes, top 10%. picking up almost the entire time. if you wanted to ask her to be more progressive, i don't know, maybe the top 10% pay 90% of taxes. 95%? 100%? i think this whole argument is hogwash. the tax code is not there, but not because the wealthy are not paying enough. but because they pay too much money. everybody needs in the game. if you are part of the system, every time the government as a new federal oversht panel or commissions a study of the effect of exercise on shrimp -- you remember that, right? millions ofdollars for the experience. ridiculous. who can blame you if you do not want to pay? it's not your money at risk. also, the co
Dec 2, 2012 1:00am PST
with the president to come to an agreement to avert the so-called fiscal cliff. optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> very next day, boehner is suddenly grim, talks having accomplished a thing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and leaks in the press are not the way to get things done here in washington. >> all right. susan, you're looking at the monitor and looking at his body language. what is it telling you? >> well, he's an intense guy to begin with. but when he's emphasizing a point, you see his eyebrows flash up, a quick little flash. it's a micro-expression. after that. you see his eyebrows pull together in frustration and anger. not that he's angry. it's more of a frustration -- kind of the beginning stages of it. so his emotions kind of fluctuate throughout his entire conversation. he kind of looks over his eyebrows a lot. he's a very intense guy. but when he's really making a point, he'll flash his eyebrows to let you know what points are very important to him. >> so let'
Dec 2, 2012 8:00am PST
. >> but it hasn't been a very encouraging week for people who think that the fiscal cliff is not something that we want to go over and i think that the president's proposal that was put on the table was something that republicans were not going to accept, even close to accept, so it had the air of bizarre. you know, bargaining. but put a really high price out there so that when you start the negotiating -- >> when will the real negotiating begin? congressman cole? >> i want to thank the president and secretary geithner for reuniting and re-energizing the republican caucus. because that offer -- they must think that john boehner is santa claus, because it was a christmas wish list, it wasn't a real proposal. at the end of the day, do i think we'll arrive at a deal? i do. >> but you heard secretary geithner right there, and i want to get congressman ellison in this as well. they're not going to come forward with anything new right now? >> i don't know -- there's a little bit of chicken going on here in terms of gamesmanship. we'll have a lot of discussion. i don't think we need to put a form